Mine
MRA accepts Gutain Davaa gold resource for registration
The Mineral Resources Authority has accepted for registration, after review and approval by a number of experts, the high grade gold resource at the Toordogiin Shil Prospect on the Gutain Davaa Project of Meritus Minerals Ltd. Under the Mongolian system, the resource is classified as a B+C Resource of 3.17415 tonnes of gold at an average grade of 5.73gAu/t. Because of the methodology, this is not compliant with NI 43-101 or JORC Code reporting standards.
Strategy on strategic mineral missing
The term “strategically important” in reference to certain mineral deposits has long been used in the laws of both Russia and Mongolia but there is considerable ambiguity in people’s mind about its intention and application. Some find the demarcation unnecessary, while others go so far as saying it is offensive, but the apparent justification behind identifying some deposits as strategic is to facilitate
Sharyn Gol JSC
Sharyn Gol JSC (MSE: SHG “Sharyn Gol”) is pleased to announce that the Ministry of Nature, Environment and Tourism has accepted its Environmental Impact Assessment Report for the planned new open pit mine at the Shaazgait thermal coal deposit (“Shaazgait”).
Elbegdorj wants TT partner chosen by year-end
President Ts.Elbegdorj has set an end-of-year deadline to select companies to develop part of TavanTolgoi, seeking to resolve a year-long battle for the resource between groups from five nations. Peabody Energy Corp., OAO Russian Railways, and China’s Shenhua Group are among companies affected by stalled talks to develop the West Tsankhi area of the coal deposit. Elbegdorj has said resolving the impasse will be among the top priorities of the new government.
Company defends seafloor phosphate mining in Namibia
The proposed seafloor phosphate mining project in Namibia will be undertaken in an environmentally responsible and sensitive manner. Technology is available to ensure minimal environmental interference and the phosphate mining planned will be even more sensitive to the environment than current diamond marine mining in the area, says Namibian Marine Phosphate project GM DavidWellbeloved, himself a yachting enthusiast and sea lover.
Ivanhoe Mines wants to be called Turquoise Hill Resources
If ever there was any doubt about what Rio Tinto was really after in its pursuit of Canadian miner Ivanhoe Mines, the answer has now become clear. Ivanhoe Mines recently said it would ask shareholders in June to approve a new name for the company: Turquoise Hill Resources.
Mongolia: Caught between democratisation and Rio Tinto
Mongolians have recently evoked the spirit of their founder, Genghis Khan, who built the Mongolian empire in 1206. Everywhere you go, he is omnipresent, and for good reason. Having had to face giants such as the Soviet Union and China in the last few hundred years, Mongolia is now embarking on a new journey and taking on one of the world’s mining giants, Rio Tinto.
ETT pushes back market debut to 2013 Q1
ErdenesTavanTolgoi, owner of one of the largest coking coal deposits in the world, has pushed back plans for its international share market debut to the first quarter of 2013.Chief Executive B.Enebish has said a listing in February or March next year was “more realistic” than hopes of a market debut in 2012.
ETT pushes back market debut to 2013 Q1
ErdenesTavanTolgoi, owner of one of the largest coking coal deposits in the world, has pushed back plans for its international share market debut to the first quarter of 2013.Chief Executive B.Enebish has said a listing in February or March next year was “more realistic” than hopes of a market debut in 2012.The state-owned company is planning to list 29 percent of its shares in a float that analysts expect could raise about $3 billion.
ETT pushes back market debut to 2013 Q1
ErdenesTavanTolgoi, owner of one of the largest coking coal deposits in the world, has pushed back plans for its international share market debut to the first quarter of 2013.Chief Executive B.Enebish has said a listing in February or March next year was “more realistic” than hopes of a market debut in 2012.
Origo reports world class molybdenum resource at Mandal Moly project
Origo Partners reports that the results of the recently completed maiden JORC compliant resource statement for Moly World Ltd’s Mandal Moly molybdenum and tungsten project reveal a total resource of 203.4 million tonnes of ore grading 0.1261 per cent molybdenum with total contained molybdenum metal of 256,000 tonnes.
Haranga Resources defines maiden JORC Iron Ore Resource at Selenge
Haranga Resources has defined a maiden JORC Resource for the Selenge Iron Ore Project.
The JORC Inferred Resource is based at the Bayantsogt prospect, one of four primary exploration targets at Selenge. It comprises 32.8 million tonnes of iron ore at an average grade of 24.4% iron, based on a 15% iron cut-off grade. Mineralisation remains open in all directions and at depth.
Hunnu’s coal reserves in Mongolia total 766 million tons
Hunnu Coal Ltd. has posted a JORC compliant resource of 676 million tons at its UnstKhudag mine, located 360 km from Ulaanbaatar. The mine has a confirmed resource of 541 million tons and 60 million tons of inferred resources.
MRAM approves Sharyn Gol’s revised reserve in coal project
Sharyn Gol JSC has announced that the Mineral Resources Authority of Mongolia (MRAM) has approved a newly revised mineral reserve of 146.3 million tonnes at its flagship thermal coal project in northern Mongolia. The reserve is fully compliant with the Mongolian Mineral Reserve Reporting Standard and registered with the Mongolian Mineral Reserve Fund.
MMC starts operating second module of coal handling plant at UkhaaKhudag
Mongolian Mining Corp. (MMC) has received the State Commission’s approval to begin operations at the second module of its coal handling and preparation plant at UkhaaKhudag coking coal mine. Construction took approximately 14 months and cost USD 91 million, as estimated. Sedgman Ltd. of Australia was responsible for design, procurement of materials and construction management.